The Trade Desk $TTD Stock Holdings Lowered by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its position in shares of The Trade Desk (NASDAQ:TTD) by 25.3% in the 4th quarter, Holdings Channel reports. The fund owned 103,732 shares of the technology company’s stock after selling 35,188 shares during the period. CIBC Asset Management Inc’s holdings in Trade Desk were worth $3,938,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TTD. State Street Corp grew its position in shares of Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after acquiring an additional 26,559,005 shares during the last quarter. Vanguard Group Inc. grew its position in Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after buying an additional 12,321,000 shares in the last quarter. Norges Bank bought a new position in Trade Desk in the 4th quarter valued at about $197,550,000. Invesco Ltd. grew its position in Trade Desk by 101.0% in the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after buying an additional 3,421,074 shares in the last quarter. Finally, Viking Global Investors LP bought a new position in Trade Desk in the 2nd quarter valued at about $192,524,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $19.95 on Monday. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 0.97 and a beta of 1.05. The firm has a 50-day moving average of $22.05 and a two-hundred day moving average of $28.92.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. During the same period in the previous year, the company posted $0.33 earnings per share. Trade Desk’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts predict that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk announced that its board has approved a share repurchase plan on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.41% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent analyst reports. Arete Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 target price for the company in a research report on Monday, March 16th. Citigroup reiterated a “neutral” rating on shares of Trade Desk in a research report on Friday, May 8th. New Street Research lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price for the company. in a research report on Thursday, February 26th. Truist Financial set a $35.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $21.00 target price on shares of Trade Desk in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Trade Desk presently has a consensus rating of “Hold” and an average target price of $33.91.

Trade Desk Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.